A free trade zone (FTZ) is an area set up in a sole country or region within which goods may be landed, handled, manufactured or reconfigured, and re-exported without the intervention of customs authorities. It is set up with the aims of lowering international trade cost and boosting export and international investment.

A free-trade area is a trade bloc whose member countries have signed a free-trade agreement (FTA), eliminating tariffs, import quotas and preferences on most (if not all) goods and services traded between them. It is a win-win trade policy for all parties involved.

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